SINGAPORE Oct. 5, 2012-- Standard& Poor's Ratings Services said today that it had raised its long-term corporate credit rating on Indonesia- based plantation company PT Bakrie Sumatera Plantations Tbk. and its subsidiary Agri International Resources Pte. Ltd. to' CCC' from' CCC-'.
Japan's Nikkei 225 index was 0.2 percent higher to 8,844.93 after the Bank of Japan announced no change in the country's key interest rate following a two-day policy meeting. Benchmarks in Singapore, Indonesia and New Zealand rose.
fell 4.5 percent in August, the biggest year-on-year drop in nearly three years, on weaker demand in the European Union and China, and imports rose less than expected, threatening the growth prospects of the Southeast Asian nation.
RHB Research has increased its target price on Axiata Group Bhd to 7.15 ringgit from 6.60 ringgit after updating its valuation paramaters on the company. Sri Lanka and Bangladesh may be suitable for consolidation due to the market's overcrowding, it said. STOCKS NEWS MALAYSIA- Kenanga raises KLCC Property's target price.
*CVC plans new $3 bln Asia fund in 2013- source. HONG KONG/ JAKARTA, Oct 5- CVC Partners is exploring the sale of Indonesia's PT Matahari Department Store, sources told Reuters, seeking a price tag of more than $2 billion after paying less than half that for the company two-and-a-half years ago.
SYDNEY, Oct 5- The Manila- based Asian Development Bank has signed an agreement with the Islamic Financial Services Board to help member countries adopt the IFSB's prudential standards. In contrast, only seven IFSB members come from Indonesia, Pakistan and Bangladesh, the world's three most populous Muslim-majority countries.
HONG KONG/ JAKARTA, Oct 5- CVC Partners is exploring the sale of Indonesia's PT Matahari Department Store, sources told Reuters, seeking a price tag of more than $2 billion after paying less than half that amount for the company two-and-a-half years ago.
JAKARTA, Oct 5- Following is some company-related and market news that could have an impact on the local market on Friday. SE Asia Stocks-Philippine, Malaysia, Indonesia at all-time high.
BANGKOK, Oct 5- Following is some company-related and market news which could have an impact on the local market on Friday. SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high.
JAKARTA/ SINGAPORE/ SYDNEY, October 05 Fitch Ratings has assigned Indonesia- based PT Aneka Gas Industri's proposed IDR200bn secured bond and IDR300bn sukuk ijarah bond, both due in 2017,' A-' ratings. The sukuk bonds follow an "ijara" structure and, together with the secured bond, are similar to AGI's IDR160bn Islamic bond and IDR80bn bond I issued in July 2008.
Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high. *Malaysia cabinet meets and is likely to decide on a proposal to cut crude palm oil export taxes to boost shipments.
SINGAPORE, Oct 4- U.S. crude futures held steady above $91 per barrel on Friday, after rising 4 percent in the previous session on escalating tensions in the Middle East, while continued global economic concerns are expected to weigh on prices.
-Philippine Mining Luncheon with Philex Mining Corp SVP Michael Toledo as guest speaker, Manila Polo Club Ballroom, Makati City, 11:30 a.m.. -Philcomsat Holdings Corp holds annual stockholders' meeting, Dasmarinas Room, Makati Sports Club, L.P. Leviste Street, Salcedo Village, Makati City, 3:00 p.m..
SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high. -Global Logistic Properties, which own warehouses in China and Japan, said on Thursday it leased 39,000 square metres to wholesale firm Arata Corp. in Japan.-- SEMBCORP MARINE LTD.
*Facebook confirms billion user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
*Facebook confirms billion-user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
NEW YORK-- More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.
*Facebook adds 45 million users since June. Oct 4- Social media company Facebook Inc reported on Thursday it reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices.
*HSBC to focus Islamic business on Malaysia, Saudi Arabia and Indonesia. *Some job cuts at Amanah unit, rest to be merged into HSBC By David French. DUBAI, Oct 4- HSBC Holdings is to significantly scale back its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.
Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June. Facebook has faced a rough debut since its May initial public offering.